Alleged IP Scheme Raises ConocoPhillips' Ire

Law360, New York (August 7, 2007, 12:00 AM EDT) -- Trying to recover an earlier patent settlement, energy giant ConocoPhillips Co. on Monday accused a pipeline chemical company of trying to weasel its way out of a $9 million judgment by secretly moving its assets over to a new corporation.

ConocoPhillips alleged that certain owners of Energy & Environmental International LC unloaded all of EEI's unencumbered assets onto a new company, M-Power Chemical LC shortly after the judgment had been approved by the court.

ConocoPhillips sued EEI in 2001 over two patents involving drag-reducing agents. Drag-reducing...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.